Ebenezer Lakes Assisted Living (EIN 412012560) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

6128743460

Tax Period

2023-01-01 to 2023-12-31

Ebenezer Lakes Assisted Living, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

Provide assisted living services to improve the quality of life for the elderly and disabled.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $226,945

Program Service Revenue $6,639,404

Investment Income $1,808

Other Revenue $175,759

TOTAL REVENUE $7,043,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,543,913

Fundraising Expenses $0

Program Expenses $5,606,623

Other Expenses $2,471,269

TOTAL EXPENSES $7,015,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,043,916	$5,858,012	+0.2%
Expenses	$7,015,182	$6,308,159	+0.1%
Net Income	$28,734	$-450,147	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,250,058

Total Directors

$6,693,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Ex-Officio	2.0	Officer Director	$0	$38,307	$5,246,751
N/A	President	2.0	Officer Director	$0	$77,189	$609,396
N/A	Chair	0.3	Officer Director	$0	$0	$0
N/A	CFO, Treasurer	2.0	Officer Director	$0	$36,173	$393,911
N/A	Director, ended 5-2023	0.3	Director	$0	$0	$0
N/A	Director	0.3	Director	$0	$0	$0
N/A	Director, ended 5-2023	0.3	Director	$0	$0	$0
N/A	Director	0.3	Director	$0	$0	$0
N/A	Director	2.0	Director	$0	$33,683	$443,463
N/A	Director	0.3	Director	$0	$0	$0
N/A	Director	0.3	Director	$0	$0	$0
N/A	Vice Chair	0.3	Director	$0	$0	$0
N/A	Secretary	0.3	Director	$0	$0	$0
N/A	Charge RN	40.0	Highest	$0	$20,901	$140,643
N/A	Director of Nursing	40.0	Highest	$0	$15,265	$139,499
N/A	Administrator	40.0	Highest	$0	$20,619	$131,479

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$7,043,916	$7,015,182	$6,392,551	$28,734
2022	$5,858,012	$6,308,159	$6,544,705	$-450,147
2021	$5,833,603	$6,001,306	$6,827,212	$-167,703
2020	$5,420,979	$5,410,939	$7,191,147	$10,040
2019	$5,256,439	$5,418,080	$7,086,746	$-161,641
2018	$4,941,303	$5,062,691	$7,377,618	$-121,388

Ebenezer Lakes Assisted Living